Pony AI (NASDAQ:PONY) CFO Haojun Wang Sells 13,751 Shares of Stock

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) CFO Haojun Wang sold 13,751 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $6.86, for a total value of $94,331.86. Following the sale, the chief financial officer directly owned 1,442,504 shares in the company, valued at $9,895,577.44. This trade represents a 0.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Pony AI Price Performance

PONY opened at $6.96 on Tuesday. Pony AI Inc. – Sponsored ADR has a 1-year low of $6.66 and a 1-year high of $24.92. The stock has a market cap of $2.68 billion, a P/E ratio of -19.33 and a beta of 3.85. The stock’s 50 day simple moving average is $9.15 and its 200 day simple moving average is $11.96.

Pony AI (NASDAQ:PONY) last issued its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.03. The firm had revenue of $34.25 million during the quarter, compared to analysts’ expectations of $22.30 million. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%. Research analysts expect that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PONY has been the subject of several research reports. Wall Street Zen downgraded Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. The Goldman Sachs Group set a $30.00 price objective on shares of Pony AI in a research note on Thursday, April 16th. Weiss Ratings downgraded shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. BNP Paribas Exane started coverage on shares of Pony AI in a research report on Thursday, March 26th. They set a “neutral” rating and a $12.50 target price for the company. Finally, Barclays reduced their price target on shares of Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Pony AI has a consensus rating of “Moderate Buy” and an average target price of $19.95.

Hedge Funds Weigh In On Pony AI

Institutional investors have recently made changes to their positions in the stock. Quantinno Capital Management LP purchased a new stake in shares of Pony AI in the first quarter valued at $1,042,000. First Trust Advisors LP increased its position in Pony AI by 32.3% during the 1st quarter. First Trust Advisors LP now owns 13,264 shares of the company’s stock worth $125,000 after purchasing an additional 3,236 shares in the last quarter. TMT General Partner Ltd raised its stake in Pony AI by 262.1% in the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock valued at $65,534,000 after purchasing an additional 5,024,721 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Pony AI in the 1st quarter valued at about $553,000. Finally, Money Concepts Capital Corp lifted its holdings in Pony AI by 13.4% in the 1st quarter. Money Concepts Capital Corp now owns 106,065 shares of the company’s stock valued at $1,001,000 after purchasing an additional 12,519 shares in the last quarter.

About Pony AI

Pony.ai develops autonomous driving technologies for passenger and goods transportation. The company offers an end-to-end self-driving stack that combines perception, planning and control systems with proprietary hardware and software. Pony.ai’s solutions support robotaxi services and advanced driver-assistance system (ADAS) deployments across urban and suburban environments.

Founded in late 2016 by James Peng and Sean Gong, Pony.ai operates research and development centers in Fremont, California, as well as in Guangzhou and Beijing, China.